New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-21
TOPICS IN CALIFORNIA.
REAL ESTATE SPECULATION - NOTORIOUS
CASES REVIVED-FLOOD AND MACKAY.
iax rrI rGR IrH TO THE TRIRUNK.l


SAN Francisco. Aug. 20.-Ihe most notable
incident of the week has been the rapid advance
northward of the boom in real estate which for
a year past has prevailed in Southern California.
With property in Los Angeles and San Diego
Counties has been selling AZ almost fabulous
prices, equally desirable tracts in the northern
part Of the State have been going begging for
customers. Suddenly ali this has been changed a
few lots at San Jose sold at an advance over
the usual prices first attracted TIE attention OF
San Francisco real estate men, several of whom
OF once opened offices in The Garden CITY"
They just in time TO reap fortunes IN COM
missions Within week property in san Joe
and vicinity has Quadruped in value, ana sales
have aggregated from 100000 TO S%'ooO'ooo
daily. Excursion trains are being from the
East, while in the peaceful town, TO the music
of brass bands, real estate is being disposed OF
in way 10 make the old inhabitants dizzy.
The fever is still spreading northward. Sonoms
County has felt its effect. and crop of new
towns IN that section has sprung up with mush-
room like rapidity San Francisco has as yet
been but slightly affected, but efforts are now
peing made to convince the public that the sand
hills extending back from the Pacific Ocean south
Of the Golden Gate Park were by nature designed
for sites of elegant and beautiful houses. The
Indications are that before long this city will
witness a repetition of the scenes OF excitement
now being enacted in other parts of the State.
That California has made substantial progress
Curing the past year is shown by the report OF
the Bank Commissioners which shows that ON
July / there $l23,000,00O in circulation.
During the year less than fourteen new COM
mercial banks were established, one-siXth as many
as existed twelve months ago. The effect of the
Influx of Eastern capital is curiously shown Money
handled in the northern counties was found TO
consist chiefly of gold coin, while in southern
California seventyive per cent of the specializing
medium is currency This is thought TO fore
shadow the ultimate breaking down Of the preju-
dice against paper money which has prevailed on
the Pacific Coast ever since the first greenbacl<s
were issued.
The gentleman delegated by the Fisherm"Rs
Association of Newfoundland to select locations
I'm either British Columbia or Alaska where they
can make new homes. arrived in this city this
week. He says that 600 or 700 people have decided
to emigrate, owing TO the distress caused by the
failure of Labrador and Newfoundland fisheries
and the i'll feeling engendercd ty international
complications. lie is inclined to think that the
Choumaign and Aleutan Islands of Alaska VIII
be the best places to locate fisheries These islands
are in immediate vicinity of the Goldfish banks OF
Alaska, and there is no reason why Newfoundland
men cannot make their new homes upon them.
The climate is no worse than that Of their present
homes, while the supply of fish is reported t. be
immense. On Queen Charlotte and other ISLANDS
in British Columbian waters there will Dc room
for many families. The waters of the Sound and
in the vicinity of the United States boundary
line TEEN with black cod and halibut.
The revival Of the notorious Sharon divorce
case in this city and of the equally unsavory
Baldwin breach of promise suit at Los Angeles,
have occurred almost simultaneously. The Sharon
is being argued in the Supreme Court on
an appeal from Judge Sulivan's decision granting
a divorce and almony to Sarah Althca Terry
Hill. and is being fought over with much bitter
ness at Los Angeles. An attempt is being made
10 show that compromise by f. T. Baldwin with
Miss Perkins. who secured Judgment against him
for $4,000 was obtained by fraud. The suit
will probably be tried again on its merits.
Arrangements have been made by officers of the
Fire Department and committee of leading cit-
to give hearty welcome TO the Veteran Fire
mems Association OF New-York. which is expected
here about the middle Of next month on its annual
excursion. The party, including ladies, will num-
Der about 800. and will be entertained in true
California style
The local wheat market is still in a chaotic
condition, owing chiefly TO the fact that the doors
Of the Call Board still remain closed. The delay
in opening them indicates that more trouble IN
making settlements than was anticipated has been
experienced by the men who were caught in the
recent collapse OF the corner. Meantime the rules
of the Produce Exchange have been so amended
as TO restrict greatly speculation in futures.
The condition of j. G. Flood continues precar-
1t is hard however, to obtain any trustworthy
information in regard TO the progress OF the dis
ease which is believed to be sappng away his
life. J. w. Mackay oscillates between the Nevada
Bank and Floods country home. lie positively
declines to talk about cable matters, though he is
free to say that he was never directly interested
In the wheat deal.
1t is stated that the Southern Pacific Company
has in view among other local railway projects.
the construction of line from Truclee to Lake
Tahoe, distance Of about sixteen miles. The need
OF such a road has been urged upon the company
from time to time, but IL has never been more
apparent than during the present season. There
is no doubt that by not having a Ioad Tahoe
has lost much travel that would otherwise have
passed its way.
N NJ Butler, president of the Columbia Tech
meal School, of New-Yorx has returned from
visit to Sitla, Alaska. Mr.. Butler went to the
point mentioned in company with Sena-
tors Vest, Cameron and Farwcll and
Professor Gilman. and with those gentle
men made an inspection of the schools
supported by the Government for educating the
natives under the direction Of Sheldon Jackson.
of the Presbyterian Mission. The party came To
the conclusion that as at present conducted the
schools are Of no practical value to the natives.
Their idea Of what should be done found expression
IN a fund for the purchase of an outfit for techni
cal purposes to be used at the Sitka school, and
determination to cndeavor Ia have education III
Alaska conducted on a secular basis with Gov
eminent funds.
CHICAGOS CONSTRUCTOR